This is my first system that I feel confident in sharing. I have been back testing it and this week I will begin forward testing with real money. I will also post my trades. Feel free to share any opinions or suggestions for improvements.
1hr Chart
PSAR (standard settings)
5ema
10ema
ATR(100)
Entry: When PSAR has changed sides and 5 and 10 ema's cross (in the same direction) within the first two bars.
Stop: PSAR or 2x ATR(100). Which ever is less.
Trailing Stop: PSAR
Exit: Trailing stop is hit or 2x ATR(100) target.
Disrection: Trades can be taken in either direction but when there is a very strong or apparent trend they should only be taken in that direction. Do not enter if the cross happens on an unusually large candle.
Risk: Trades are aiming for a 1:1 risk/reward. Looking for a higher win percentage rather than a higher profit target.
1hr Chart
PSAR (standard settings)
5ema
10ema
ATR(100)
Entry: When PSAR has changed sides and 5 and 10 ema's cross (in the same direction) within the first two bars.
Stop: PSAR or 2x ATR(100). Which ever is less.
Trailing Stop: PSAR
Exit: Trailing stop is hit or 2x ATR(100) target.
Disrection: Trades can be taken in either direction but when there is a very strong or apparent trend they should only be taken in that direction. Do not enter if the cross happens on an unusually large candle.
Risk: Trades are aiming for a 1:1 risk/reward. Looking for a higher win percentage rather than a higher profit target.